ETP Information Circular

Pursuant to the rules of the Texas Stock Exchange, LLC ("the Exchange"), this information circular is being issued in accordance with the Exchange’s symbol rollout plan. The Exchange will commence trading in shares of the exchange-traded funds ("Funds") listed in the document linked below pursuant to Exchange Rule 14.001(b) and Rule 19b-4(e) under the Securities Exchange Act of 1934.

Description of the Funds

For further information on the Funds, including investment objectives and strategies, principal risks, fees, expenses, distributions, and creation and redemption procedures, Members are referred to the prospectus ("Prospectus") and related offering documents for each Fund. The Prospectus and other information are available on the issuer’s website and on the SEC’s website at www.sec.gov.

Trading and Settlement

Exchange Hours:

• Pre-Market: 8:00 a.m. to 9:30 a.m. ET
• Regular Trading: 9:30 a.m. to 4:00 p.m. ET
• Post-Market: 4:00 p.m. to 5:00 p.m. ET

Settlement: Regular-way (T+1)
Clearing Agency: NSCC/DTCC
Exchange Code: TXSE

Extended-Hours Trading

Trading during the Pre-Market and Post-Market sessions may involve additional risks, including lower liquidity, higher volatility, wider spreads, and limited or no current dissemination of an underlying index value, intraday indicative value, or similar value.

Dissemination of Fund Data

Real-time trade and quote information for the Funds will be disseminated through the applicable consolidated tape. Where available, intraday indicative values, NAVs, underlying index values, or similar values will be disseminated by the issuer, the primary listing market, the applicable securities information processor, or major market data vendors.

Member Firm Responsibilities

Members are reminded of the following obligations:

• Suitability: Trading in the Funds on the Exchange will be subject to Rule 3.007 and applicable FINRA rules. Members recommending transactions in the Funds must have a reasonable basis for the recommendation and determine that the recommendation is suitable for the customer.
• Trading Halts: The Exchange will halt or pause trading in the Funds in accordance with TXSE Rules 11.020, 11.020H, 11.021 and, as applicable, Rule 17.170. Trading may be halted if the primary listing market halts trading, if LULD or market-wide circuit breaker procedures apply, if required Fund values such as NAV, intraday indicative value, underlying index value, or similar values are not being calculated or widely disseminated as required, or if the Exchange determines a halt is necessary to protect investors or maintain a fair and orderly market.
• Prospectus Delivery: Pursuant to federal securities laws, a Prospectus must be delivered to investors purchasing shares of the Funds. Members must also comply with any applicable written-description or customer-disclosure requirements under Exchange rules.
• Supervision: Members must establish and maintain written supervisory procedures reasonably designed to ensure compliance with applicable federal securities laws and Exchange rules, including procedures addressing the trading characteristics and risks.
• Surveillance: Transactions will be subject to Exchange surveillance and applicable regulatory reporting requirements.

Risks of the Funds

Investment in the Funds involves risk, including possible loss of principal, and a Fund may not perform in line with its stated investment objective, benchmark, underlying index, or reference asset. Shares of the Funds are not individually redeemable and may only be created or redeemed in large aggregations known as "Creation Units." Investors should consult the Prospectus for a full discussion of risks.

Contact Information

This Information Circular is not a prospectus. Investors should consult the Prospectus and related offering documents for complete information regarding the Funds.